PHX Minerals Stock Soars After Securing 21.8% Premium In Acquisition Deal - PHX Minerals (NYSE:PHX)

PHX Minerals Stock Soars After Securing 21.8% Premium In Acquisition Deal - PHX Minerals (NYSE:PHX)

PHX Minerals Inc. (NYSE:PHX) shares are trading higher premarket on Friday. The company disclosed an agreement to be acquired by WhiteHawk Income Corporation in an all-cash transaction valued at $4.35 per share, totaling approximately $187 million, including PHX’s net debt. As per the terms of the deal, PHX stockholders will receive $4.35 in cash for each share of PHX common stock owned, net to the holder, without interest and subject to any app…

WhiteHawk to purchase PHX Minerals at $4.35 per share

WhiteHawk has signed a definitive agreement to acquire PHX Minerals in an all-cash transaction, expanding its natural gas assets.

#Strategic Acquisition WhiteHawk?s Buyout of PHX Minerals and the Implications for Financial Health in the Energy Se...

PHX Minerals Inc. Set to Be Acquired by WhiteHawk: A Balanced Perspective on the Deal and Financial Health In a significant development within the natural gas sector, WhiteHawk Income Corporation, in conjunction with WhiteHawk Energy, LLC, has announced a definitive agreement to acquire PHX Minerals Inc. for an all-cash transaction valued at $4.35 per share, totaling approximately $187 million, including the company's net debt. This acquisition …

WhiteHawk to Acquire PHX Minerals

PHILADELPHIA & FORT WORTH, Texas–(BUSINESS WIRE)–WhiteHawk Income Corporation, a natural gas mineral and royalty company, and PHX Minerals Inc. (NYSE: PHX) today announced they have entered into a definitive agreement under which WhiteHawk will acquire PHX in an all-cash transaction that values PHX at $4.35 per share, or total value of approximately $187 million, including PHX’s net debt. Through the transaction, WhiteHawk will add approximately…

WhiteHawk Buys PHX Minerals for $187MM, Expands into Midcontinent

PHX Minerals agreed to sell to WhiteHawk Energy for $187 million, expanding WhiteHawk’s natural gas portfolio in the Haynesville Shale and Midcontinent.